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  Another established car company is unable to sustain and plans to withdraw from the automobile market by selling assets.

  On September 17, Tianjin FAW Xiali Automobile Co., Ltd. (hereinafter referred to as "FAW Xiali") issued the report on the sale of major assets and the issuance of shares to purchase assets and raise supporting funds and related party transactions. According to the report, the overall plan of the transaction includes four parts: free transfer of shares of listed companies, sale of major assets, issuance of shares to purchase assets and raising supporting funds. According to the report, FAW car Co., Ltd. plans to transfer its 697620651 shares of FAW Xiali to China Railway Materials Co., Ltd. In addition, FAW Xiali plans to sell its holdings except Xin'an Insurance 17.5.

  FAW Xiali 2020-09-18
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  The second reorganization plan of FAW Xiali has been announced, which is about to bid farewell to the whole vehicle business.

  Xiali, once one of the representatives of the national sedan chair, encountered the rapid development of the domestic car market, but now it is about to bid farewell to the whole vehicle business. On the evening of September 16, Tianjin FAW Xiali Automobile Co., Ltd. (issued the "report on Major Asset Sale and issuing shares to purchase assets and raise matching funds and related transactions", defining the specific plan of the latest restructuring.

  FAW Xiali 2020-09-17
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  To solve the problem of inter-industry competition, FAW cars and FAW shares are exchanged for assets.

  The problem of peer competition between FAW car and FAW Xiali is expected to be alleviated. A few days ago, FAW car Co., Ltd. issued an announcement that according to the overall strategic layout of FAW cars and the need for major asset restructuring with China first Automobile Co., Ltd., FAW car plans to set up a wholly-owned subsidiary with its own capital of 50 million yuan, and the name of the company is tentatively designated as FAW Pentium car Co., Ltd. FAW Pentium sedan Co., Ltd., established by the latter, will undertake restructuring and purchase assets, FAW sedans purchase passenger car business, and at the same time place FAW liberation assets owned by major shareholders to achieve asset swap. FAW car.

  2019-06-25
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  The future profit outlook is full of uncertainties, and China FAW wants to sell its shares in the Ninth Machinery Hospital.

  According to the website of the Shanghai United property Exchange, FAW proposed to transfer 73.7% of the shares of the Ninth Institute of Machinery, with a base price of 695.18 million yuan. The information disclosure will begin on August 12, 2019, and will expire on September 6, 2019. The data show that the operating income of the ninth machinery institute in 2018 is 1.153 billion yuan, the operating profit is 99.9798 million yuan, and the net profit is 77.9543 million yuan. As of May 31, 2019, the hospital's operating income is about 254 million yuan, operating profit is about 42.4068 million yuan, and net profit is about 377.31 million yuan. But...

  FAW for sale 2019-08-19
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  New move to go public as a whole? FAW car to acquire FAW Jiefang

  SAIC Group, GAC GROUP and other large automobile groups have long been listed as a whole, but FAW Group has not fulfilled its wishes for a long time. FAW Group has made new moves when it has been listed as a whole for a long time. FAW car issued the suspension notice of FAW car Co., Ltd. on planning major asset restructuring, the announcement said that FAW car intends to purchase FAW Jiefang shares held by FAW shares and raise supporting funds by means of asset replacement and issuing shares to purchase assets. The company will suspend trading from the opening of the market on March 28, 2019, and the suspension is expected to last no more than five trading days. FAW car license suspension the day before (March 27, 2019).

  be listed 2019-03-28
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  FAW Jilin starts mixed reform: "increasing capital and shares" is introduced to shareholders, but there is no car sale at the terminal.

  As an independent brand of FAW Group, the mixed reform plan and plan of FAW Jilin has attracted much attention from the industry. Recently, there are rumors that low-speed electric car company Baoya New Energy is expected to buy an 80 per cent stake in FAW Jilin with a capital of 18-2 billion yuan. In this regard, FAW Jilin person in charge said that although do not know which enterprise will cooperate with, but a certain meeting to increase capital and shares in the form of the introduction of a number of shareholders. For the mixed reform plan, FAW Jilin also put forward requirements, the shareholders must meet the company's demands in order to buy shares, but FAW Jilin did not disclose the specific requirements of Dongfang shares. Some analysts said that according to the current operating situation of FAW Jilin,.

  2019-08-01
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  FAW car adjusts its merger and acquisition of FAW Liberation and reorganization Plan, canceling 3.5 billion yuan of fund-raising

  On the evening of November 28th, FAW car announced that in order to further optimize the size of the company's share capital after the transaction and comprehensively consider the company's ability to pay cash, it plans to cancel 3.5 billion yuan of matching fund-raising. FAW Jiefang 100% equity held by FAW shares was purchased through major asset replacement, share issue and cash payment. The company said that after this restructuring, its main business has been changed to FAW with strong profitability, and its profitability and core competitiveness have been improved. According to the research report, FAW Jiefang is one of the best assets of FAW Group and the absolute leader of the domestic heavy truck industry.

  FAW sedan FAW liberation 2019-11-29
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  The reserve price for the transfer of 73.7% shares of the subsidiary of FAW is 695 million yuan.

  China first Automobile Co., Ltd. will list and transfer a total of 73.70 percent of its subsidiary, Machinery Industry Ninth Design and Research Institute Co., Ltd., with a base price of 695.1807 million yuan and the expiration date of information disclosure, according to domestic media reports. Machinery Industry Ninth Design and Research Institute Co., Ltd. was established in 1987, FAW 100% holding company, the main business scope is engineering design, is a well-known planning and design company in the domestic automobile industry. He has participated in the planning of China's first automobile factory, second automobile factory, Beijing automobile factory, Nanjing automobile factory and Jinan automobile factory.

  FAW subsidiary company 2019-08-15
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  The restructuring of FAW cars has been settled, and FAW Pentium has become a wholly owned subsidiary of FAW.

  On March 25th, FAW car announced that, on March 12, the company received the approval of FAW car Co., Ltd. major asset restructuring and the issuance of shares to China first Automobile Co., Ltd. to purchase assets (Securities Regulatory license [2020] No. 352), approved the transaction. After receiving the approval documents of the CSRC, the listed companies actively carry out the transfer of the underlying assets, and as of the date of this announcement, the industrial and commercial change registration procedures for the placed assets and the purchased assets involved in this transaction have been completed. According to the previous restructuring plan, FAW cars will have the exception of FAW.

  FAW cars FAW shares 2020-03-26
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  The "third" joint venture is officially settled in Changchun, with Audi holding 60% of the shares.

  Following Audi's establishment of two joint ventures in China, FAW Board of Directors, Audi Management Board and Volkswagen Group Supervisory Board held online signing ceremonies in Beijing and Changchun to officially announce that ​ New Energy Company of FAW Audi has officially settled in Changchun.

  Audi 2021-01-19
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  FAW Xiali asset restructuring may become a "shell company", FAW to speed up the overall listing process

  On December 8, FAW Xiali announced that its controlling shareholder, China first Automobile Co., Ltd. (hereinafter referred to as FAW Xiali), will transfer its holding stake in FAW Xiali to China Railway Materials Co., Ltd. (hereinafter referred to as China Railway Materials) free of charge. According to the announcement, all the existing assets and liabilities of FAW Xiali were placed in subsidiaries designated by the controlling shareholders of the company, and at the same time, by issuing shares to purchase assets, it purchased a controlling stake in China Railway Wusheng Science and Technology Development Co., Ltd. (hereinafter referred to as China Railway Wusheng). This transaction constitutes a major asset restructuring of the listed company. According to Qixinbao, China Railway Wusheng Technology Development Co., Ltd. was established in 2018.

  FAW Xiali FAW Group 2019-12-09
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  Withdrawing from the automobile market, the generation of "national miraculous cars" has officially become history.

  Recently, FAW Xiali announced that the company plans to change its name from "Tianjin FAW Xiali Automobile Co., Ltd." to "China Railway Materials Co., Ltd.", and the securities abbreviation will also be changed to "China Iron objects" accordingly. The business scope has been changed from "manufacture and after-sales service of cars, automobile engines, auto parts and internal combustion engine parts" to "railway transport infrastructure equipment sales, rail processing, high-speed rail equipment, accessories manufacturing and sales, etc." With the change of the company name and securities acronym, the asset reorganization of FAW Xiali has officially come to an end, and "FAW Xiali" has officially become history. Xiali, founded in 1997.

  FAW Xiali 2021-01-09
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  FAW Group plans to buy brilliance for $7.2 billion? Brilliance China responds

  There has been no substantial progress since brilliance was ruled by the court to go bankrupt and reorganized. FAW is considering buying BMW's main Chinese partner brilliance China Automotive Holdings Co., Ltd., with a total deal likely to reach $7.2 billion (46.7 billion yuan), media sources reported on Feb. 3. According to the source, according to the plan currently under discussion, FAW will first acquire 30.43% of brilliance's shares and 11.89% of the shares of the state-controlled Liaoning Provincial Transportation Investment Group. FAW will then make a mandatory offer for the remaining shares of brilliance. At the same time.

  Brilliance Group FAW Group 2021-02-03
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  FAW hippocampus may not have "FAW", Hainan Holdings will take over FAW Haima shares.

  On the evening of July 20, Haima Motor issued two announcements one after another. China first Automobile Co., Ltd. intends to transfer 49% of its holding subsidiary FAW Haima Automobile Co., Ltd. (hereinafter referred to as "FAW Haima") and 50% of Hainan FAW Haima Automobile sales Co., Ltd. (hereinafter referred to as "FAW Haima sales") to Hainan Development Holdings Co., Ltd. (hereinafter referred to as "Hainan Holdings"). In fact, as early as the end of September last year, there were media reports that the Hainan provincial government decided to acquire FAW's stake in FAW Haima (a joint venture between FAW and Haima). According to the report, negotiations are under way and are planned by.

  Seahorse car 2021-07-20
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  Latest document: FAW Mazda will become a wholly owned subsidiary of Changan Mazda

  According to the announcement of a simple case of operator concentration in the Anti-Monopoly Bureau of the State Administration of Market Supervision and Administration, Changan Mazda Automobile Co., Ltd. submitted an application for Changan Mazda Automobile Co., Ltd. to acquire the equity of FAW Mazda Automobile sales Co., Ltd., after the proposed transaction is completed, FAW Mazda will become a wholly owned subsidiary of Changan Mazda. The contents show that Changan Mazda Automobile Co., Ltd., Mazda Automobile Co., Ltd., China first Automobile Co., Ltd. and Chongqing Changan Automobile Co., Ltd. signed a series of transaction documents such as "Capital increase and share expansion Agreement". According to these transaction agreements, Changan Mazda will be based on equity and cash.

  Changan Mazda FAW Mazda 2021-08-23
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  The net profit of FAW car fell by 44.88% in 2018, while the loss of its own brand was 507 million yuan.

  FAW car disclosed its annual report that its operating income in 2018 was 26.244 billion yuan, down 5.94% from the same period last year; net profit was 155 million yuan, down 44.88% from the same period last year; and basic earnings per share was 0.0953 yuan. During the reporting period, the company sold 211200 vehicles, a decrease of 11.82% over the previous year. According to the announcement, the net profit of FAW cars in 2018 was-507 million yuan, an increase of 0.45 percent over the same period last year. FAW cars said it was mainly due to the reduction in transportation and advertising expenses this year. In addition, FAW Mazda joint venture, which is 56% owned by FAW car.

  Car FAW sedan 2019-03-30
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  Profits have declined for two years in a row, and Changan Mazda has listed shares to raise funds.

  It is learned from the Beijing property right Exchange that the capital increase project of Changan Mazda Automobile Co., Ltd. has been officially disclosed. According to the project announcement, after the completion of the capital increase project of Changan Mazda Automobile Co., Ltd., the shares held by the new investors shall not exceed 5% (inclusive), and the total shareholding proportion of the original shareholders shall not be less than 95% (inclusive); the proposed new registered capital is 5.8404 million US dollars, and all the funds raised in excess of the new registered capital shall be included in the capital reserve and shall be shared by both new and old shareholders according to the proportion of their shareholdings. The purpose of raising funds is to "improve business quality, improve and optimize industrial layout, and enhance the competitiveness of enterprises." In view of this capital increase.

  Mazda 2021-06-22
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  Dealers did not sell cars, factory production lines stopped, FAW Jilin increased capital and shares to seek self-help.

  It was reported a few days ago that FAW Jilin had reached the point where there were no cars for sale. Through the FAW Jilin official website inquiry, the current vehicles have Senya, Jiabao and special vehicles, but only sell Senya series, Jiabao series and special vehicles are not on sale. In addition, most dealers can't get through. It is found that there are three dealers in Beijing, which are located in Guanzhuang, Nansihuan and Shijingshan District. Only one of the three dealers is connected to the phone, and there are only two Senya R7 models in the store. There are also three dealers in Tianjin, and only one dealer answered the phone and said that at present, FAW Jilin vehicles are no longer being sold and other vehicles are being sold instead. It is understood that one.

  Factories dealers FAW 2019-08-20
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  It is exposed that FAW-Volkswagen plans to promote its own new energy brand!

  According to the Financial Associated Press, on November 10, a person familiar with the matter said that FAW-Volkswagen has plans to launch its own new energy vehicle brand, "the new brand may use plug-in hybrid technology to supplement the shortcomings of new energy products." And FAW-Volkswagen insiders also said: "the company does have this consideration, after all,

  Volkswagen Automotive New Energy Brand Market sales Volkswagen Electric share Electric vehicle Biya data subsidiary News Honda 2023-11-11
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  FAW Jilin mixed reform landed, Baoya New Energy got 70.5% equity and became the first shareholder.

  According to information from the Shanghai Stock Exchange, the capital increase project of FAW Jilin Automobile Co., Ltd. has been completed. Shandong Baoya New Energy Automobile Co., Ltd. as an investor will invest 1.5 billion yuan to acquire a 70.5% stake in FAW Jilin. It is understood that the two sides will formally sign the contract today. After signing the contract, Baoya New Energy will become the largest shareholder of FAW Jilin, and FAW Jilin will complete the reform of "from the country to the people". In fact, as early as July this year, it was reported that Baoya New Energy was expected to buy an 80 per cent stake in FAW Jilin for 18-2 billion yuan, but the move was opposed by FAW Jilin employees. It is understood that it was founded in 2.

  FAW Jilin 2019-12-27